Insider Selling: Packaging Corporation of America (NYSE:PKG) President Sells $2,260,829.00 in Stock

Packaging Corporation of America (NYSE:PKG) President Thomas Hassfurther sold 8,797 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $257.00, for a total value of $2,260,829.00. Following the transaction, the president directly owned 209,954 shares in the company, valued at approximately $53,958,178. This represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Packaging Corporation of America Stock Performance

PKG traded up $1.83 on Wednesday, hitting $257.31. 271,839 shares of the company traded hands, compared to its average volume of 886,160. The company has a 50 day moving average of $232.74 and a 200-day moving average of $224.53. The company has a quick ratio of 1.88, a current ratio of 3.07 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $22.93 billion, a PE ratio of 33.42, a PEG ratio of 2.37 and a beta of 0.80. Packaging Corporation of America has a 12-month low of $191.13 and a 12-month high of $258.81.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Packaging Corporation of America had a return on equity of 18.96% and a net margin of 7.25%.The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.48 EPS. Packaging Corporation of America has set its Q3 2026 guidance at 2.910-2.910 EPS. Sell-side analysts anticipate that Packaging Corporation of America will post 10.48 earnings per share for the current year.

Packaging Corporation of America Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 15th were issued a dividend of $1.50 per share. This is a boost from Packaging Corporation of America’s previous quarterly dividend of $1.25. This represents a $6.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, June 15th. Packaging Corporation of America’s dividend payout ratio is 77.92%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PKG. DV Equities LLC acquired a new stake in Packaging Corporation of America in the fourth quarter valued at $26,000. Covestor Ltd grew its stake in shares of Packaging Corporation of America by 140.0% during the 4th quarter. Covestor Ltd now owns 156 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 91 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in shares of Packaging Corporation of America by 94.1% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 80 shares during the period. Navalign LLC purchased a new position in shares of Packaging Corporation of America in the 4th quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Packaging Corporation of America by 40.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 198 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PKG shares. Truist Financial upped their price objective on shares of Packaging Corporation of America from $258.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Citigroup lifted their target price on shares of Packaging Corporation of America from $241.00 to $254.00 and gave the company a “neutral” rating in a report on Tuesday, July 28th. UBS Group dropped their price target on shares of Packaging Corporation of America from $272.00 to $271.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company reissued an “equal weight” rating and set a $246.00 price target (up from $245.00) on shares of Packaging Corporation of America in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded shares of Packaging Corporation of America from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of “Moderate Buy” and an average price target of $261.57.

About Packaging Corporation of America

Packaging Corporation of America (NYSE: PKG) is a leading North American manufacturer of containerboard and corrugated packaging products. The company produces a range of paper-based packaging solutions including linerboard, corrugating medium, corrugated shipping containers, retail-ready packaging and point-of-purchase displays. In addition to core packaging products, Packaging Corporation of America offers packaging design, testing and supply-chain services intended to optimize protection, cost and sustainability for customers.

Headquartered in Lake Forest, Illinois, the company operates an integrated network of mills and corrugated manufacturing facilities across the United States and serves customers throughout North America in industries such as e-commerce, grocery and food & beverage, consumer packaged goods and industrial markets.